The Antitrust Week In Review
Here are some of the developments in antitrust news this past week that we found interesting and are following.
South Korea says investigating whether Google broke antitrust laws. South Korea’s antitrust regulator said on Friday it is looking into whether Google has violated the country’s anticompetition laws, acknowledging formal scrutiny of the global internet search company for the first time. The Korea Fair Trade Commission (KFTC) disclosed the investigation in a brief statement, without commenting on the nature of the probe nor any potential antitrust violations. A person familiar with the matter told Reuters last month the KFTC inspected Google’s Seoul headquarters in July.
Google Fined for Breaking Russian Antitrust Rules With Android. Russian antitrust officials fined Google $6.8 million on Thursday, a relatively small penalty that nevertheless represents the latest in a growing list of global regulatory problems for the American search giant. Russian authorities ruled last year that Google had abused its market position with Android, its mobile operating system, by favoring some of its digital services over those of rivals, including the Russian company Yandex. As part of its ruling, the Federation Antimonopoly Service said that Google’s rivals had not been able to include their own offerings, like digital maps or search, in the Android operating system that powers a majority of smartphones and other mobile devices in Russia.
Aluminum price-fixing claims rejected by U.S. appeals court. A U.S. appeals court on Tuesday upheld the dismissal of nationwide antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminum prices by reducing supply, forcing them to overpay. By a 3-0 vote, the U.S. Court of Appeals for the Second Circuit in Manhattan said so-called commercial end users and consumer end users lacked standing to sue because their alleged antitrust injuries were too far removed from the alleged misconduct. The plaintiffs had accused Goldman Sachs Group Inc, JPMorgan Chase & Co, the mining company Glencore Plc , and various commodity trading, metals mining and metals warehousing companies of having colluded from 2009 to 2012 to rig prices by hoarding inventory.
Judge sets Aetna-Humana antitrust trial date for Dec. 5. The federal judge hearing the U.S. Justice Department’s case to block Aetna Inc’s $34 billion purchase of Humana Inc has set a trial date for Dec. 5, 2016, later than the companies had requested. Aetna and Humana are fighting the Department of Justice’s lawsuit asserting that combining the two companies will harm consumers and raise prices.
Tagged in: Antitrust Enforcement, Antitrust Litigation, International Competition Issues, Price Fixing,